Business loan refinancing for UK businesses
Compare repayment structure, total costs and commitments before replacing existing borrowing.
TMS Finance is a credit broker, not a lender.
Several loans, weekly repayments or an expensive short-term facility can leave a viable business short of cash. Refinancing may replace existing borrowing with a more suitable structure. The test is whether the new arrangement improves the position after every settlement cost and fee.
Send your balances, repayment amounts, settlement figures and the cash-flow outcome you want to achieve.
An enquiry does not commit you to proceed. Finance is subject to status, affordability, provider criteria and approval. Fees, security and personal guarantees may apply.
Start with accurate settlement figures and early-repayment charges. Then compare the new borrowing amount, net cash released, monthly payment, term, total repayment, arrangement and broker fees, and any legal or valuation costs. A lower instalment over a longer period can increase the total cost.
Refinancing may introduce security, a debenture or a personal guarantee that was not required before. Existing lenders may need to release charges or agree priority. A company loan described as unsecured can still involve personal exposure. Assets used as security may be at risk if repayments are not maintained.
Illustration only: £2,000 a month for 24 months totals £48,000. £1,500 a month for 36 months totals £54,000. The second schedule releases £500 of monthly cash flow but costs £6,000 more in total.
These are payment schedules, not offers, interest rates or a comparison of identical loan balances. Add settlement charges and every new fee before judging an actual refinance. Lower monthly repayments can mean paying more overall.
TMS Finance reviews each commitment and the purpose of the refinance before approaching selected lenders. We help distinguish a better repayment structure from additional debt that merely postpones the same cash-flow problem. TMS is a credit broker, not a lender.
Send your balances, repayment amounts, settlement figures and the cash-flow outcome you want to achieve.
We will discuss the requirement and the information needed for a suitable provider or specialist review.
The responsible provider or specialist explains eligibility, scope, costs and obligations. You decide whether to proceed.
Prepare the lender name, balance, payment amount and frequency, remaining term, settlement quote, security and guarantees for each facility. Add recent accounts, bank statements and any new funding requirement. A lender must assess affordability; approval is not guaranteed.
Not always. Eligibility, security, settlement costs and lender appetite may mean only part of the debt can be refinanced.
It can improve monthly cash flow, but a longer term or added fees may increase total repayment.
Possibly, subject to affordability and provider criteria. Compare the debt replacement and extra borrowing separately.
Do not assume so. A new lender may require its own guarantee or security. Check the written terms and any release of existing obligations.
Send your balances, repayment amounts, settlement figures and the cash-flow outcome you want to achieve.
Call 0345 257 0161 or email info@uktms.com.
Explore practical guidance on cash flow, funding and business costs.
Explore business finance options · Finance FAQs
Related options: Property finance · Asset finance
When bills fall due before enough customer payments arrive, your business may face pressure on wages, stock or supplier invoices. If you’re
Replacing a business vehicle can solve an operational problem while creating a cash-flow one. For SMEs, commercial fleet financing solutions need to…
A business purchase can look affordable on paper and still leave the buyer short of working capital after completion. Acquisition funding support…
